FRANCE REPAYS SOME OF CURRENCY INTERVENTION DEBT France today repaid 21.95 billion francs of short-term currency intervention debt to the European Monetary Cooperation Fund, EMCF, the Finance Ministry said. It said the debt was part of a 33.90 billion franc liability incurred through the activation of EMCF swap facilities to defend the franc before the January 11 European Monetary System realignment. The realignment, following several weeks of speculative pressure, produced a three pct revaluation of the West German mark and the Dutch guilder against the French franc and a two pct revaluation of the Belgian franc.